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Emirates Essay

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Emirates Essay
Contents Introduction 2 Work break down process 3 Gantt Chart 4 Network Diagram 5 The critical paths are as follows:- 5 Types of costs 6 FIXED COST 6 VARIABLE COST 6 SEMI VARIABLE COST 6 STEPPED COST 6 SWOT analysis 7 Strengths 7 Weaknesses 7 Opportunities 8 Threats 8 PEST ANALYSIS 9 POLITICAL 9 ECONOMICAL 9 SOCIAL 9 TECHNOLOGY 9 BUISNESS FUNCTIONS 10 HUMAN RESOURCE MANAGEMENT 10 MARKETING DEPARTMENT 10 RESEARCH AND DEVELOPMENT 10 FINANCE AND ACCOUNTS 11 ADMINISTRATION 11 CONCLUSION 12

Introduction Task 1
1.1 Financial Planning Process
The Financial planning process is anactive process which involves the allocation of the various financial resources in order to meet the strategic goals and objectives of the business. Typical financial goals include such things as a new car, a bigger home, advanced career training, lengthy travel, and self-support during working and retirement years. To achievegoals, one needs to identify their targets and set priorities. Personal financial planning is the process of managing your money to achieve personal economic satisfaction. This planning process allows one to managetheir financial situation.
A widespread financial plan can improve the quality of the business and increase onescontentment by reducing uncertainty about the business’s future needs and resources. The advantages of personal financial planning include increased effectiveness in obtaining, using, and protecting your financial resources.
The financial planning process consists of six important steps: * Establishing and defining the client-planner relationship. * Gathering client data, including goals. * Analyzing and evaluating your financial status. * Developing and presenting financial planning recommendations and/or alternatives. * Applying the financial planning recommendations. * Monitoring the financial planning recommendations.

Figure 1 Financial Planning Process(1)

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